Live
- Kiran Abbavaram's Hard Work Pays Off: Bunny Vasu Lauds Ka Team at Success Meet
- PM Modi’s welfare schemes transform rural lives in Bokaro, residents share gratitude
- We will ensure Bangladeshi infiltrators are removed from Jharkhand: BJP's Gourav Vallabh
- Hezbollah fires five rockets at central, northern Israel: sources
- HM Amit Shah, Rajnath Singh to address several rallies in Jharkhand tomorrow
- Will not waste single day in getting back what we lost, Omar Abdullah tells Assembly
- PM Modi visits Advani's residence to wish him on birthday, shares special moment
- Sun-Dried Cotton to Be Taken to CCI Purchase Centers, Avoid Middlemen - Collector
- Survey Process Requires Public Cooperation - Collector Badavath Santosh
- Distribution of Maize Seeds to Farmers at Agricultural Research Center
Canara Bank's Q3 net profit rises 3.8%
Highlights
State-owned Canara Bank on Thursday reported a 3.8 per cent rise in its net profit to Rs 329.62 crore in the third quarter of the current financial year, mainly due to a decline in proportion of bad loans.
Mumbai: State-owned Canara Bank on Thursday reported a 3.8 per cent rise in its net profit to Rs 329.62 crore in the third quarter of the current financial year, mainly due to a decline in proportion of bad loans.
The bank's profit was Rs 317.52 crore during the December 2018 quarter. Its total income stood at Rs 14,001.63 crore during the quarter ended December 2019, up from Rs 13,513.35 crore in the year-ago period, Canara Bank said in a stock exchange filing.
The net non-performing assets (NPAs) as a percentage of total assets stood at 5.05 per cent, down from 6.37 per cent a year ago. Similarly, the percentage of gross NPAs also narrowed to 8.36 per cent from 10.25 per cent.
Next Story
ADVERTISEMENT
